SEGMENT INFORMATION (Tables)

9 Months Ended

Sep. 30, 2017

Reconciliation of Revenue from Segments to Consolidated

The following tables reconcile segment revenues and income (loss) from continuing operations before income taxes to total revenues and income (loss) as reported on the consolidated statements of income (loss) and segment assets to total assets on the consolidated balance sheets.



	Three Months Ended September 30,						Nine Months Ended September 30,
	2017			2016			2017			2016
	(in millions)
Segment revenues:
Insurance⁽¹⁾	$	1,713		$	1,434		$	7,309		$	7,227
Investment Management⁽²⁾	814			750			2,383			2,243
Consolidation/elimination	(7		)	(7		)	(19		)	(19		)
Total Revenues	$	2,520		$	2,177		$	9,673		$	9,451


(1)	Includes investment expenses charged by AB of approximately $18 million, $42 million, $14 million and $39 million for the third quarter and first nine months of 2017 and 2016, respectively, for services provided to the Insurance segment.


(2)	Intersegment investment advisory and other fees of approximately $29 million, $65 million, $21 million and $58 million for the third quarter and first nine months of 2017 and 2016, respectively, are included in total revenues of the Investment Management segment.



	Three Months Ended September 30,						Nine Months Ended September 30,
	2017			2016			2017		2016
	(in millions)
Segment income (loss) from continuing operations, before income taxes:
Insurance	$	(229	)	$	(99	)	$	1,385	$	1,875
Investment Management	168			183			488		490
Consolidation/elimination	—			(1		)	—		—
Total Income (Loss) from Continuing Operations, before income taxes	$	(61	)	$	83		$	1,873	$	2,365

Reconciliation of Operating Profit (Loss) from Segments to Consolidated



	Three Months Ended September 30,						Nine Months Ended September 30,
	2017			2016			2017		2016
	(in millions)
Segment income (loss) from continuing operations, before income taxes:
Insurance	$	(229	)	$	(99	)	$	1,385	$	1,875
Investment Management	168			183			488		490
Consolidation/elimination	—			(1		)	—		—
Total Income (Loss) from Continuing Operations, before income taxes	$	(61	)	$	83		$	1,873	$	2,365

Reconciliation of Assets from Segment to Consolidated



	September 30, 2017		December 31, 2016
	(in millions)
Segment assets:
Insurance	$	205,176	$	191,033
Investment Management⁽¹⁾	13,893		13,139
Consolidation/elimination	—		(3		)
Total Assets	$	219,069	$	204,169

(1)

In accordance with SEC regulations, the assets of the Investment Management segment include securities with a fair value of $723 million and $893 million which have been segregated in a special reserve bank custody account at September 30, 2017 and December 31, 2016, respectively, for the exclusive benefit of securities broker-dealer or brokerage customers under the Exchange Act. They also include cash held in several special bank accounts for the exclusive benefit of customers. As of September 30, 2017 and December 31, 2016, $62 million and $53 million, respectively, of cash were segregated in these bank accounts.